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Egyptian companies score biggest increase in rankings.

Market capitalisation for the region is down to $98bn or 13% of the total, with the bulk of the market capital supplied by the Bourse de Casablanca in Morocco and the Egyptian Exchange.

Both the Egyptian Exchange EGX30 and Morocco's MASI Free Float indices are down by about 16% in local currency over the year to March 2019.

The outlook for Egypt is particularly positive, with stockbroker Exotix forecasting higher economic growth (GDP) than in 2018, and lower inflation, interest rates and deficit in the current account. According to the International Monetary Fund (IMF), the prospects for Egypt's economy are good with real GDP growth of 5.5% forecast this year, rising to 6% by 2024.

Egypt scored the biggest increase with its share of the top 250 ranking rising from 34 companies in 2018 to 39 this year. Moroccan companies though accounted for a bigger share by market capitalisation.

The new entrants include healthcare (Cleopatra Hospital at #161), building materials (Samcrete #184), banks and capital markets companies, distributors MM Group (#244) and Egypt Chemical Industries (#248). Many Egyptian companies scaled the rankings including hotels, banks, food, real estate, capital markets and telecoms.

The number of Tunisian companies in the ranking has shrunk from seven to five. However leading beverages firm Societe de Fabrication des Boissons de Tunisie (SFBT) and industrial conglomerate Poulina --whose iconic founder passed away earlier this year --soared up the Top 250.
Regional   Rank    Company Name        Industry
Ranking    /250
2016

1             10   Maroc Telecom       Diversified
                                       Telecommunication

2             17   Attijariwafa Bank   Banks

3             27   Commercial          Banks
                   International

4             31   Banque Centrale     Banks
                   Populaire

5             40   Lafargeholcim       Construction Materials
                   Maroc

6             45   Banque marocaine    Banks
                   du Commerce

7             63   Qatar National      Banks
                   Bank Alahly

8             66   Eastern Tobacco     Tobacco

9             72   Taqa Morocco        Independent
                                       Power and Renewables

10            73   Ciments du Maroc    Construction Materials

11            76   Elsewedy Electric   Electrical Equipment

12            79   Abou Kir            Chemicals
                   Fertiliser &
                   Chemicals

13            83   Consumar            Food Products

14            88   Egypt Kuwait        Capital Markets
                   Holding Co

15            90   Vodafone Egypt      Diversified
                                       Telecommunication

16            92   Telecom Egypt       Diversified
                                       Telecommunication

17            93   Orange Egypt        Wireless
                                       Telecommunication

18            96   T M G Holding       Real Estate
                                       Management & Dvpt

19            99   Marsa Maroc         Transportation
                                       Infrastructure

20           101   Afriquia Gaz        Oil, Gas & Consumable
                                       Fuels

Regional   Rank    Company Name        Total Market Cap     Net Income
Ranking    /250                             (Million $)    (million $)
2016

1             10   Maroc Telecom                 13,155            622

2             17   Attijariwafa Bank              9,223            590

3             27   Commercial                     6,102            553
                   International

4             31   Banque Centrale                5,013            304
                   Populaire

5             40   Lafargeholcim                  3,707            199
                   Maroc

6             45   Banque marocaine               3,378            211
                   du Commerce

7             63   Qatar National                 2,512            415
                   Bank Alahly

8             66   Eastern Tobacco                2,401            245

9             72   Taqa Morocco                   2,227            108

10            73   Ciments du Maroc               2,120            101

11            76   Elsewedy Electric              2,048            288

12            79   Abou Kir                       1,930            140
                   Fertiliser &
                   Chemicals

13            83   Consumar                       1,759            102

14            88   Egypt Kuwait                   1,618             95
                   Holding Co

15            90   Vodafone Egypt                 1,538            144

16            92   Telecom Egypt                  1,473            201

17            93   Orange Egypt                   1,445            -95

18            96   T M G Holding                  1,384             98

19            99   Marsa Maroc                    1,345             57

20           101   Afriquia Gaz                   1,280             68
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Title Annotation:North Africa
Comment:Egyptian companies score biggest increase in rankings.(North Africa)
Publication:African Business
Geographic Code:7EGYP
Date:May 1, 2019
Words:539
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